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Moovby

Moovby is the peer-to-peer car-sharing marketplace, or the Airbnb for cars.

Technology Financial Transportation
Ranking 43
Current valuation
Current price of 1% equity $25,000 SW
Equity can be sold 82.0%
Ownership structure

Naval Ravikant 2.0%

Nguyễn Thị Hương Giang 1.0%

Allen John Ku 5.0%

Van Nguyen 5.0%

Chuan Boon

Chuan Boon 5.0%

Nik Muhammad Amin 82.0%

Overview about Moovby

Moovby is a peer-to-peer car sharing marketplace where travellers can rent any cars they want, whenever they want it, from a vibrant community of local car owners. Travellers choose from a totally unique selection of nearby cars, while car owners earn extra money and help fuel their adventures. A pioneer to the sharing economy and travel industry, Moovby is safe, supportive community where the car you rent is part of a story, not a fleet. Whether it’s a Ford truck for an adventure journey, a BMW for a luxurious weekend away, or a classic convertible Mercs for a picture-perfect road trip, travellers rent the car and own the adventure.

With the average car sitting idle 95% of the time, Moovby is working to become the Airbnb of cars, allowing customers to use the cars of others for single-day or multi-day rental that require more than an ride-hailing across town, while also allowing car owners to generate passive income through the increased utilisation of their cars.

Moovby avoid the operational overhead of fleet-based businesses (renting parking spaces, buying cars in bulk, etc.) by simply connecting people who need cars with people who have cars they don't use all the time. Moovby’s use of technology, style, and attention to detail is something that larger rental companies cannot match, putting itself outside the competition range of those billion-dollar international car rental agencies. Its ability to connect consumers to a dream car for far less than they ever expected is a business model that will undoubtedly grow as the company’s target demographics become more associated with the business and realise that Moovby is the future of an all-inclusive car rental service.

This is a business with substantial momentum that is disrupting the $90B rental car market and benefitting from a network effect:
     • Gross and net revenue is doubling annually
     • 200,000+ people have signed up with Moovby organically
     • 10,000+ registered cars across Malaysia & Indonesia
     • 400+ makes and models of cars are on the platform
     • The service is available in 23 cities and at 10+ airports
     • Moovby is 30% less expensive than traditional car rental
     • Moovby's share of gross revenue from hosts is 25%
     • Moovby has reached Product-Market-Fit
     • Gross margins are improving as the company scales, demonstrating very good unit economics
     • Moovby is expanding internationally with service in Malaysia and Indonesia
     • Strategic partner Etiqa General provide Moovby hosts in liability insurance
     • The economics of car ownership is changing: renting an idle car can cover a monthly car payment
 
As noted above, Moovby has very good unit economics and can be highly profitable at scale. In the future, Moovby expects to have 1M - 2M cars on its platform generating $3B - $6B in revenue.

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Skip the rental counter and book the perfect car from a trusted Moovby host

Moovby is charting the next phase of growth in Southeast Asia
With your Android or iOS phone and the Moovby app, you can find, book, and unlock a car, truck, or van near you.
Car sharing is growing fast in Southeast Asia
Moovby ride surge in demands due to the pandemic
Revenue in Asia is expected to show an annual growth rate (CAGR 2021-2025) of 16.3%, resulting in a projected market volume of US$42B by 2025
In the near future, Moovby plan to introduce other services like motorbike, caravan, yacht and helicopter.